Us Consumer Spending Jumped in April and Inflation Accelerated
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A contrarian take on the US inflation freakout
Not as bad as it looks — better for the Fed to keep calm, and carry on?Financial Times - World -
Japan Consumer Prices Rose at Slightly Slower Pace in March
Japan’s consumer prices rose at a slightly slower pace in March due to lower energy prices but remained well above the central bank’s 2% target.The Wall Street Journal - World - Japan -
Tesla recalls Cybertrucks over accelerator crash risk
The electric car company, run by Elon Musk, is recalling thousands of what is its latest vehicle.BBC News - Top stories - Tesla -
Tesla recalls new Cybertrucks over accelerator hazard
Tesla is recalling some of its Cybertruck vehicles after a hazard was found with the accelerator pedal. According to a recall notice posted by the National Highway Traffic Safety Administration (NHTSA), the accelerator pedal pad may dislodge and ...The Hill - Politics - Tesla -
Japan’s inflation marks two years above BOJ’s target as meeting looms
Japan’s consumer inflation has stayed above the Bank of Japan’s 2% target for two years, government data confirmed Friday, amid speculation over further interest-rate increases.MarketWatch - Business - Japan -
Oil prices post weekly loss as market sees limited risk of wider war after Israel strike on Iran
Oil prices briefly jumped more than 3% after reports of explosions near the Iranian city of Isfahan.CNBC - Business - Iran -
BOC's Macklem Says Inflation Edges 'Closer to Normal'
Bank of Canada Gov. Tiff Macklem says inflation is getting “closer to normal” and officials will monitor incoming data to check whether the downward momentum can be maintained.The Wall Street Journal - World -
Tesla to Recall 3,878 Cybertrucks Due to Accelerator Pedal Problem
The National Highway Traffic Safety Administration says the Cybertruck’s accelerator pedal pad might dislodge and get trapped, causing the vehicle to accelerate unintentionally.The Wall Street Journal - World - Tesla -
Tesla recalls almost 4,000 Cybertrucks over faulty accelerator
Tesla is recalling almost 4,000 of its flagship Cybertrucks to fix a potentially dangerous fault with their accelerators' pedals.NBC News - Top stories - Tesla -
Tesla recalls nearly 4,000 Cybertrucks over faulty accelerator pedal
US officials say pedal pad could come loose and get lodged in interior trim, causing vehicle to accelerate unintentionally. Tesla is recalling 3,878 Cybertrucks to fix an accelerator pedal pad that could come loose and get lodged in the interior ...The Guardian - World - Tesla -
Tesla is recalling 3,878 Cybertrucks to repair or replace faulty accelerator pedals.
Tesla is recalling 3,878 Cybertrucks to repair or replace faulty accelerator pedals.The Wall Street Journal - World - Tesla -
The U.K. privacy regulator says Google's proposed replacements for cookies need to do more to protect consumer privacy, according to internal documents.
The U.K. privacy regulator says Google’s proposed replacements for cookies need to do more to protect consumer privacy, according to internal documents.The Wall Street Journal - World -
U.S. Mortgage Rates Jump Above 7% for the First Time This Year
Rates on 30-year mortgages — the most common kind among U.S. homeowners — surpassed the 7 percent mark on Thursday, a troublesome sign for an already tight housing market.The New York Times - Business - Mortgage -
Nvidia drops 10% as investors see risk in Big Tech shares
US stock markets suffer their worst run since October 2022 as investors pull back from AI betsFinancial Times - Business -
Inflation, Interest Rates and Oil Prices Have Jolted the Markets
Euphoria has been replaced by a much more somber mood, changing the value calculations in a host of markets, our columnist says.The New York Times - Business -
Tesla Recalls Cybertruck Over Faulty Pedals—Its Worst Flaw Yet
Tesla has issued a voluntary recall for nearly 4,000 Cybertrucks because the accelerator pad could get trapped, pushing the car to full speed.Wired - Tech - Tesla -
Oil prices jump, U.S. stock futures sink on reports of explosions heard in Iran
Crude oil prices jumped and U.S. stock futures sank Thursday night following reports of explosions in a city in western Iran, amid fears of a wider conflict between Israel and Iran.MarketWatch - Business - Iran -
College basketball rankings: Kansas lands Wisconsin transfer AJ Storr, jumps Houston for No. 1 in Top 25 And 1
The Jayhawks have upgraded their roster and are the new No. 1 team in the way-too-early Top 25 And 1CBS Sports - Sports -
Fed’s Goolsbee says progress on inflation has stalled, makes sense to wait on interest rates
Chicago Fed president “hopeful” we will get improvement on inflation.MarketWatch - Business - Federal Reserve -
UK inflation could stay near 2% target for three years, says BoE rate-setter
Dave Ramsden’s comments suggest he does not need much more evidence of price growth falling before backing rate cutsFinancial Times - Business - United Kingdom -
How TikTok Changed Us
The app’s videos have become a fixture in the lives of tens of millions of Americans.The New York Times - Top stories - Tiktok -
A simple guide to the US 2024 election
Trying to understand it for the first time or need a refresher? This guide can help.BBC News - Top stories -
How to use polls like a pro
Political junkies are in a dysfunctional relationship with polls.The Hill - Politics -
US ambassador meets with Gershkovich in Russia
The U.S. ambassador to Russia recently met with Evan Gershkovich, the Wall Street Journal reporter who has been unlawfully detained in the country for more than a year. The U.S. Embassy in Moscow said Lynne Tracy met with Gershkovich, who was ...The Hill - Politics - Russia -
The radical repricing of US interest rates
Financial markets and the Fed are searching for a convincing economic storyFinancial Times - World